Sunday, September 26, 1999
IBA, bank unions on warpath
The clash between the bank unions and the Indian Banks' Association over the seventh bipartite wage settlement is intensifying with the United Forum of Bank Unions threatening to "go to the streets" protesting the management body's "misleading" stance.
Sinha, WB chief exchange views on economy
Finance Minister Yashwant Sinha met World Bank president James Wolfensohn in Washington and is understood to have exchanged views on India's economic situation, particularly the lending agency's role in the country's growth.
India may lose $3.5 bn worth aid
India stands to lose $3.5 billion of loan from the World Bank and Asian Development Bank (ADB) this financial year owing to economic sanctions imposed by the G-8 countries in the aftermath of the Pokharan nuclear tests.
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